SiteOne Landscape Supply, Inc. (NYSE:SITE) Given Average Rating of “Hold” by Analysts

Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) have been given an average rating of “Hold” by the fourteen brokerages that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $135.2727.

Several analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating and set a $160.00 price objective for the company in a research note on Thursday, April 30th. Royal Bank Of Canada decreased their price target on shares of SiteOne Landscape Supply from $171.00 to $135.00 and set an “outperform” rating for the company in a research note on Thursday, July 30th. Zacks Research lowered shares of SiteOne Landscape Supply from a “hold” rating to a “strong sell” rating in a report on Monday, June 22nd. Barclays cut their price objective on shares of SiteOne Landscape Supply from $129.00 to $108.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 30th. Finally, KeyCorp reduced their target price on SiteOne Landscape Supply from $145.00 to $135.00 and set an “overweight” rating for the company in a research note on Thursday, July 30th.

SiteOne Landscape Supply Stock Up 5.2%

Shares of SiteOne Landscape Supply stock opened at $103.69 on Friday. The stock’s 50-day moving average is $105.46 and its 200 day moving average is $125.08. SiteOne Landscape Supply has a one year low of $90.07 and a one year high of $168.56. The firm has a market cap of $4.53 billion, a price-to-earnings ratio of 28.41, a PEG ratio of 1.50 and a beta of 1.35. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.30 and a quick ratio of 1.01.

SiteOne Landscape Supply (NYSE:SITE) last issued its earnings results on Wednesday, July 29th. The industrial products company reported $3.14 earnings per share for the quarter, missing analysts’ consensus estimates of $3.36 by ($0.22). The business had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.54 billion. SiteOne Landscape Supply had a return on equity of 9.76% and a net margin of 3.41%.The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.86 earnings per share. Equities research analysts anticipate that SiteOne Landscape Supply will post 3.93 EPS for the current year.

Insider Activity at SiteOne Landscape Supply

In other news, CEO Doug Black bought 8,000 shares of the stock in a transaction dated Tuesday, August 4th. The shares were bought at an average cost of $102.03 per share, with a total value of $816,240.00. Following the completion of the transaction, the chief executive officer directly owned 8,000 shares of the company’s stock, valued at $816,240. This trade represents a ? increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Fred M. Diaz sold 562 shares of the stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $112.52, for a total value of $63,236.24. Following the completion of the transaction, the director owned 11,267 shares in the company, valued at approximately $1,267,762.84. This represents a 4.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 2.10% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in SITE. Millennium Management LLC increased its position in shares of SiteOne Landscape Supply by 45.9% during the first quarter. Millennium Management LLC now owns 75,149 shares of the industrial products company’s stock worth $9,126,000 after acquiring an additional 23,657 shares in the last quarter. NewEdge Advisors LLC boosted its stake in SiteOne Landscape Supply by 36.6% during the 1st quarter. NewEdge Advisors LLC now owns 399 shares of the industrial products company’s stock valued at $48,000 after purchasing an additional 107 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in SiteOne Landscape Supply by 5.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 213,331 shares of the industrial products company’s stock valued at $25,907,000 after purchasing an additional 11,574 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in SiteOne Landscape Supply by 10.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 170,285 shares of the industrial products company’s stock valued at $20,679,000 after purchasing an additional 16,378 shares during the last quarter. Finally, Jane Street Group LLC bought a new stake in SiteOne Landscape Supply during the 1st quarter worth approximately $6,797,000.

SiteOne Landscape Supply Company Profile

SiteOne Landscape Supply is a leading distributor of landscape supplies and irrigation equipment in North America. The company serves a broad range of customers, including independent landscapers, lawn and garden retailers, municipalities and other commercial landscape professionals. Its product portfolio spans irrigation and lighting controls, pipes and fittings, fertilizers and soils, lighting fixtures, hardscapes, outdoor lighting systems and related installation accessories.

In addition to core product lines, SiteOne offers agronomic services designed to optimize turf and plant health, as well as online tools and training resources to help customers plan, specify and manage projects more efficiently.